A tax collection and federal contributions totaled R$ 137 169 billion in June. The result represents a real increase (discounted for inflation) of 46.77% compared to the same month in 2020. Compared to May this year, there was a real decrease of 3.98% in tax collection. The amount collected last month was the highest for the months of June since 2011, when the collection in the sixth month of the year was R$ 143.793 billion.
The result of the revenues came within the range of expectations of the institutions heard by Broadcast Projections, which ranged from R$ 119,800 billion to R$ 156,700 billion, with a median of R$ 137,450 billion.
According to the Federal Revenue, the behavior of the collection in June is due to the behavior of the main macroeconomic variables in the month and the 89.4% growth in the amounts offset by taxes. The growth of the collection of the main forms of calculation of IRPJ/CSLL also influenced the performance, which resulted in a 77% increase in the amounts collected and the deferral of taxes in 2020, which account for a reduction in the collection of that month, compared to June 2021 , of approximately R$17.9 billion. Another factor was the reduction of IOF Credit rates in 2020.
In the first half of the year, federal collections totaled R$ 896.877 billion, the highest volume for the period in the historical series of the Revenue, started in 2007. The amount represents a real advance of 24.49% in comparison with the first six months of the last year.
The exemptions granted by the government resulted in a tax waiver of R$ 46.956 billion in the first half of this year, an amount higher than in the same period last year, when it was R$ 45.607 billion. In June alone, exemptions totaled BRL 7.083 billion, below that registered in the same month last year (BRL 8.394 billion).
The Emergency PEC approved by the National Congress at the beginning of the year included a plan to gradually reduce tax incentives and benefits (subsidies, exemptions and exemptions) to 2% of GDP in eight years (the current level is approximately 4.2% of GDP). The economic team intends to use the income tax reform to cut benefits in exchange for a greater reduction in corporate income tax.